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Politics : Formerly About Advanced Micro Devices
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To: Brian Hutcheson who wrote (40411)10/30/1998 11:55:00 AM
From: Jim McMannis  Read Replies (2) of 1573203
 
AMDs chart indicates the move is in it's early stages. Good news is that the 200day SMA at 19.97 was taken out easily. Any ST straight line resistance is at 22 and the top 90/3 BB, at 21.57 being eclipsed today indicates that the stock is shorterm overbought but since it appears to be early in the move I don't weigh that indicator as much as I do at the end of a move. Still, the 22 area needs to be taken out convincingly over the next few days or we risk falling back into the 20 area.
Jim
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